Daily Forecast – Share Market – March 5th, 2014

Possibility of Trading Nifty above 6300 Point level | Opening in positive zone

Jupiter is transiting at very slow, because is going to be direct; Saturn has changed its direction and is transiting retrograde, with retrograde Mars and Rahu. Seven planets are connected with Mars, Saturn and Rahu-Ketu axis. So, influence from foreign trade is very important, Jupiter is transiting at minimal speed, so Banking and FIIs may show some positive move on the day.

Lord of Parliament is now retrograde, and Jupiter will be direct, so election will be announced and Parliament will be over. Jupiter and other combinations are indicating that market may show some positive movement even in opening of the trading session.

I will prefer to go for financial institutions, banking sector, infrastructure, power, Vehicle and their allied industries. Mining and metals may also be positive. Engineering, Pharmaceuticals etc. with fertilizer, alcohol, Tea, Tobacco etc. may trade well with Leather and eatables and agriculture produces.

Communication, Aviation, Travel and tours with Hotel industries may also give positive movement along with IT industry.

Possibility of Trading Nifty above 6300 Point level

Indian Currency

Indian Rupee may trade in between 61.70 to 62.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.